Aviva could shed 15 divisions

In a strategy presentation to be given to analysts this week, John McFarlane, the recently appointed executive chairman, will reveal that of the 58 business divisions identified in the company, between 10 and 15 could be sold or wound down.


ABN Amro Completes Sale of Insurance Unit

Dutch lender ABN Amro Bank NV Monday said it has completed the sale of its commercial insurance unit to U.K.-based insurance broker Aon PLC for an undisclosed amount.


London-based fund buys 5 pct of Italy's UniCredit

Pamplona - headed by Alex Knaster, a former Alfa Bank Chief Executive - already owned just under 2 percent of UniCredit, a stake too small to be made public under Italian disclosure rules.


Global hedge fund industry undergoes significant change

This change means hedge funds have had to adapt to the new source of capital, and the demands associated with institutional investors — namely the need for a more robust operational infrastructure and thorough terms of due diligence.


Hedge fund stars ponder "moment of truth" in Monaco

Behind the glitz of the annual hedge fund shindig, the 500 or so financiers who made the trip privately confess their struggle to find winning strategies given unpredictable markets, fretting clients will lose faith and snatch back their money.